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tv   The Intelligence Report With Trish Regan  FOX Business  June 22, 2017 2:00pm-3:01pm EDT

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neil: why what is going on in the senate is about to change your expectations. rand paul at 4:00 p.m. with me on "your world." now trish regan. trish: president trump weighing in whether or not he taped his conversations with james comey. the republican plan to repeal and replace obamacare may already be in jeopardy. we're learning as you heard neil say, rand paul and three other republican senators will oppose the bill as written. i'm trish regan, welcome to the intelligence report. president trump tweeting moment ago he did not tape his conversations but could someone else have? that is the big question. senate republicans unveiling a health care bill aimed at giving more power to americans, more power to individual states while lowering cost of health care for millions of minutes.
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some senate republicans they are just not on board. first back to our top story, donald trump tweeting moments ago, i quote, with all of the recently reported electronic surveillance, intercepts, unmasking and illegal leaking of information i have no idea whether there are tapes or recordings of my conversations with james comey but i did not make and do not have any such recordings. for more on this ongoing drama, i want to bring in rich lowery, editor of "national review." and, rich, there are some disappointed journalists shall we say today. i think it is interesting he is leaving the door open here. >> a little bit. trish: maybe somebody else could have done this. what do you make of that? >> hard to read. maybe he likes the sense of mystery out there to keep people guessing, but what he said in that press conference people would be disappointed, that was pretty good tip of his hand
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there weren't tapes. everyone would love to read transcripts of tapes with comey. trish: by the way if you're reading a transcript, i always thought of the beginning, if there were transcripts or tapes, it would be challenging, if you're not in the room you can't really get a kneel for -- >> body language. trish: how it came across. this is one of the problems with how things are interpreted in writing versus on television, you see someone and see you how they're acting, inflection of their voice, et cetera, et cetera. nonetheless, he brought this up initially which may have kicked off james comey. sending his memo via a friend to the "new york times," et cetera. trish: >> yeah, probably wasn't greatest tweet. didn't set off a great chain of events for him but in terms of possible future impeachment proceedings which is crazy but democrats are thinking about it, this means his interactions with comey in the oval office are he said-he said. his lawyer denied he said what
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comey said he did. it will be very difficult to prove, otherwise absent tapes which apparently don't exist. >> i find this whole thing, viewers heard me say this before, this whole thing regardless what you think of donald trump is possibly -- bizarre. looking for some kind of chemicals between donald trump's campaign and russia. >> right. trish: going back quite some time now before we was even elected. we don't really see anything. we haven't heard anything. they have no proof of anything and yet there are all these rumors that continue to persist. so comey gets fired and his response to getting fired is to basically leak the story via his friend up at columbia, to "the new york times" in hopes of getting a special prosecutor. that is wild to me. absolutely wild. it speaks volumes about basically our president,
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regardless what you think of is up against, rich? >> very notable, david brooks, well-respected coal lumpist for "new york times," liberals you know what, there is nothing here. i went through this when republicans were completely obsessed with whitewater, where he believes there is less than met the eye, there is no evidence of conspiracy here with russia. he begun to see some democratic lawmakers begin to say the same thing. the firing of come my, it is clear to me, trump did it because in private comey repeatedly told him, sir, you are not under investigation. while all these media reports says he was under investigation. trump wanted comey to say publicly what he told him privately. and when he wouldn't, trump got rid of him. trish: by the way, how crazy is it, with all the things being leaked one thing james comey never bothered to have his friend leak is the fact that the president wasn't under investigation? that never surfaced. let's fast forward this now.
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you have special counsel. robert mueller, he is collecting -- by the way he is james comey's buddy. a lot of people think highly of mueller. he is james comey's buddy, one would think he would be somewhat influenced by his friend and hiring all people that have given money to democratic campaigns. there seems something fundamentally flawed, rich. >> mueller is a man of integrity, problem anyone put in this sort of position aspects counsel or tends to run out of control. trish: hang tight. i want to go to rand paul speaking on capitol hill. let's listen in. >> there is no hearing, will you refuse to -- >> no hearing? >> no hearing. no public hearing will -- >> i was in favor of having committee approach to it but that is not a do-or-die whether i will vote the bill. i will vote for the bill on contents of the bill. we're a no on the bill currently. >> what do you think about the way senator mcconnell cut this deal behind closed doors with limited members, no hearings,
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having a vote within a week. what do you think about the process. >> my preference was always for a committee hearing. absent that i'm very concerned about the content. to my mind the most important thing we promised to repeal obamacare. the current bill looks like we're keeping large parts of obamacare. in fact one of the architects, jonathan gruber come out saying hooray, looks like they're not really repealing obamacare. i think he is probably accurate. we are keeping subsidies. we're boosting subsidies for stabilization and risk pools. i think it looks a lot like obamacare actually. >> we have to run. we have to go vote. trish: that was senator rand paul talking to reporters there. he is planning to oppose this. he does not like what he has seen thus far with the senate's version of this health care bill. for more, want to go to adam shapiro in washington. there is potentially three of these senator, adam, that want to oppose it. reporter: that's correct. in addition to rand paul, with rand paul there are three others. there are four in general.
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i want to read you a statement, coming from ted cruz, ron johnson, mike lee, and rand paul. they said, this is the quote, currently for a variety of reasons we're not ready to vote for this bill. here's the key, trish, but we are open to negotiation and obtaining more information before it is brought to the floor. this is a okay, i know what you want. here is what i want tit-for-tat negotiation. so not dead, but you can only lose two, if you're mitch mcconnell he can only lose two senators to make this bill pass in the senate. so he has got a problem with four. now they will have to do that old tv show, "let's make a deal." key points, they will repeal the individual and employer mandate of the they capped medicaid payments. they start shrinking the medicaid expansion. takes place over four years. some senators want it to happen much faster. others want it to happen much he slower. they will return medicaid
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spending to preobamacare levels. that is what is going on. preserving preexisting coverage requirements as well as coverage for 26-year-olds. this will begin eventually a debate, roughly 20 hours. debate has begun on senators for both sides. we have something from chuck schumer and john cornyn where we stand with this bill. >> let us forget this draft bill. let us right now, democrats and republicans, sit down and try to come up with a bipartisan bill. we're willing to do it today, now, this minute. will you accept that offer? >> mr. president? >> senate will be in order. >> mr. president, if i thought that was sincere offer i would take it in a minute, in a "new york minute." but it is not. reporter: trish, this will now head towards eventually to the cbo for scoring. again mitch mcconnell wanted a vote on this before they leave
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on the july 4th recess at the end of next week. potentially a vote next week. but with four republicans saying this smells to them like day old sushi, you have some problems. trish: you do have some problems. i would recommend they not take the vote until they actually think they have the votes. adam shapiro, thank you very much. joining me for more analysis, we have republican strategist, ford o'connell, former deputy press secretary for the dnc, and rich lowery still with me on set. ford, they don't have the votes right now. is there any chance they can get the votes? is this starting place? likes of ted cruz and rand paul to come around? >> let me say this, failure is not an option. they have been campaigning on this for seven years. unacceptable to get absolutely nothing done. message for senate republicans, you serve at privilege of voters this is not meant to be a lifetime appointment. do your job and bet get this done.
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obamacare is imploding, premiums are rising and medicaid needs to be stablized. trish: are they capable? there is so much dysfunction. you look at the bill, i have got it right here, the senate bill and, 100 some odd pages. it is not perfect, but i don't know if you ever get perfect here, rich. what you do need to get is a better system where employers and individuals are not stuck with this mandate to the point where it becomes so economically crippling. >> yeah. so this is incremental step at best in the right direction but arguably a step. i need to look at it more carefully on where i ultimately come down on it but in terms of the votes in the senate, i think rand paul is hard no. very hard to get him. leadership thought he would be no, no matter what from the beginning. i read johnson, lee and cruz as being a little bit more of negotiating tactic. not saying they will ultimately get there. of the there is chance to get them there.
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the question how many votes are they on the other side, left of the caucus with senators like susan collins, lisa murkowski? if it pass, and it might, it will be a high-wire act to the very end, because they have no margin for error. trish: jose, what is your biggest problem with what they're putting forward right now? >> my big guest problem this whole thing is a joke. maybe work on improving obamacare, instead of shoving a bill through congress that will not pass. the whole thing is a joke. trish: i want to jump in and point out, rand paul thinks this is glorified obamacare. >> it is not. >> not you enough of a switch. not the not you enough of a change. >> ending medicaid expansion, women's health care, this whole thing is joke this is more expensive and not work. >> jose look, there are three things on this earth i know to be true. death taxes, no matter what is forced through democrats will not help republicans with replacing obamacare. what i have -- hold on, what i
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also have to say to senate republicans you have to see larger picture here. there is prospect you could lose the house in 2018. this is as good as numbers will get. tough deliver on something, even if it is not absolutely per if ily ideal. welcome to washington. welcome to governing. this is why the american people put you into power. if you don't deliver you will eventually be out of power. >> if republicans would have accepted invitation democrats to work together, they would have taken it. >> no. like 2009 invitation you gave us, absolutely. >> absolutely. c-span, bunch of health care town halls. >> you passed the left-most bill you possibly could. trish: jose i don't want to rehash all this. reality is, people saw their insurance costs escalate. we saw insurers get out of the business all together. you need to have a system that works for everyone. the hope that you're inching towards this. while it may not be perfect it is a heck of a lot better than
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what we saw under obamacare. look at insurers all of which seem to be doing higher, rich lowery. so there is a thought process on wall street as we continue to see upside in the overall market 34 points right now. this will be better, keep insurers in business. don't forget they have pulled out of markets entirely one after another. >> not as though option to maintain obamacare status quo. it is collapsing around us. you have inyou are you -- insurs pulling out. premiums spiking. that system is gone eventually. question of what is going to rao placeit. this is imperfect. rand paul cited subsidies to prop up the system in near term. conservatives will not like that. politics of eliminating right away might have been i am possible. trish: final thoughts, ford, whether or not they get this done soon are rather than later? because this is the precursor to everything, right? they need the tax savings in
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order to get through some kind of a tax reform i would argue, jose, everybody needs but your thoughts, ford? >> two points to that. look they don't have to get this done by next thursday. but it has to be done before the august recess because they will bumping up against sent 30th. which is budget reconciliation. they will need budget reconciliation twice to pass tax reform and pass this. they have to get this done by september 30th. you're absolutely right, trish. they have to move on to tax reform because that is the important thing here. donald john trump is the jobs president. if you can't get the jobs bill through, tax reform is, putting people back to work and money back into the hands of hard-working americans, i don't know why we're here. trish: well-put. rich, ford, jose, thank you. >> thank you, trish. trish: health care spending is nearly 20% of our economy. that is why it is critical we get this right. and we need to get it done soon. in other words, we need to get this done so we can move on to everything else including tax
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trish: all right. everyone, president trump urging senators to work together and come to some kind of an agreement on the health care bill. watch him here. >> how do you like the health care, folks? s it will be very good. a little negotiation but it will be great. trish: needs a little negotiation, that's all, right? president trump is confident after that little bit of negotiation. the end result will be a good one and that we will get this through. when you think about how important to the overall economy, i want to he remind you all health care spending is nearly 20% of our economy. joining me here on set, senior reporter for "the wall street journal,"
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shelby holiday, independent women's forum, hadley heath manning. shelby, starting with you, there seems to be quite a bit of political opposition. we know of four senators that will not go along with this. what would convince them otherwise? is there an opportunity to negotiate their way to final bill in a realistic time frame? >> well they do have a short window to negotiate. we know that they will be holding some debates on the senate floor next week. they will have time to propose amendments. could see something similar in the house. have the bill, majority of republicans back it, but you still need more republicans on board. they meet in the middle, come up with amendments, more state waivers, flexibility for states to reach a yes. 50 republican votes. but there is not much time. keep in mind this bill has to go back to the house and be approved by the house. it could get tricky, you have to meet in the middle not just with the claim about but the other
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side of congress. trish: hadley heath manning, there is differences between what we saw in the senate bill, what we saw in the house bill. one of the critical ones is the senate will prohibit insurers from increasing premiums based on preexisting conditions. this is similar to obamacare but, you know, from a free market perspective, let's face it, if you have a debilitating illness, the insurance company is going to have to pay more for you to be covered. so, how do you think about this right now? you want to do one thing that zooms popular and fair for people but simultaneously you need the insurers to stay in business and want to be in each of these states? >> that's right. so three big differences between the house and senate bill. you have the tax saab is a did b siddiqui did i and, mathematical equations two chambers come together with variables and
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timeline you how to phase out medicare expansion. you can find solutions based on timelines. one issue the irchute of community rating. what you're talking about. the policy term for the prohibition that insurance companies do medical underwriting and pricing policies for new applicants. republicans need to get out in front of this with communicating to the public why they would repeal community rating. why they want health insurers to look at health factors, pricing policies for people uninsured, people with coverage gap why is it important -- trish: i will jump in. i don't think at this point you need to sell it to the american people. i think the american people sent republicans to washington specifically because they wanted repeal and replace. the fact this gets rid of the individual mandate and emyou employer mandate. that is huge. you don't need to do anymore selling at this point. you need to get it done. but shelby, with all these senators standing in the way,
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ted cruz, rand paul, potentially even senator collins, i doesn't know if they can get this one through. in which case they're at ground zero for additional reforms, correct. >> there are consequences politically and consequences economically. economically, "wall street journal" wrote about this last year. middle class is taking on increasing burden for health care costs. 9% of their income goes to health care. trish: wow. >> that is huge problem for middle class households. it is growing. people want drug prices down and more options and better coverage but not rising premiums. you have this economic impact, politically if you're republicans want to pass a bill and prove that it works. if you bump up the midterms and jam something through the before the midterms, not giving americans confidence in your plan. just giving them a big question mark. politically they have to get going. they have plenty of other things they want to do. trish: to hadley's point selling comes later down the road. politically they need to get this through, get rid of the
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individual mandate and employer mandate which will go a long way stimulating hiring and helping our economy. shelby, hadley, thank you very much. president trump bringing down the house in a big iowa rally, pledging to band welfare for five years from new immigrants. you can bet this one is resonating all across america big time. we have the details next. this is the new new york. we are building new airports all across the state. new roads and bridges. new mass transit. new business friendly environment. new lower taxes. and new university partnerships to grow the businesses of tomorrow today. learn more at esd.ny.gov
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fidelity, where smarter investors will always be. >> i believe the time has come for new immigration rules which say that those seeking admission into our country must be able to support themselves financially, and should not use welfare for a period of at least five years. [applause] trish: kind of makes sense, right? that was president trump calling for big changes to the current u.s. immigration policy. he is proposing to stop
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immigrants from receiving welfare benefits unless they have been here for five years. in other words, you got to pay a little something into the system, right, before you start taking back? critics say similar bill already exists but what they're not telling you is that trump's proposal, the president's proposal will tighten the restrictions that are already in place, put some pressure on states to actually enforce the law. imagine that. this is all part of the president's push to crack down on welfare abuse. joining me is iowa congressman steve king. welcome. good to have you here. congressman, it was well-received, certainly by the crowd in iowa, and it seems to be a bit of a common sense measure. i was looking through some of the statistics. american taxpayers are footage heavy bill for immigrants here right now. >> well, they are, it has been a policy for a long, long time, we don't want to bring people into america that can't support themselves.
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take a tour of ellis island, 2%, even though they were screened before got on ship to america, were sent back where they came from because they were physically or mentally judged unable to support themselves. that is an american policy that rooted clear back into then. by the way we watched as nancy pelosi, as speaker, little bit later as barack obama as president undermined much of this policy that has been established in law. time to put it back in place and -- trish: i am glad you said that i really am. seems as though the left come up with, congressman, a whole another narrative. we have been in the most charitable welcoming people in. we have historically been very strict who comes into this country. it really seems to be something in recent history, call it the last eight years, some with you we feel altruistic enough to welcome, everyone and give them a check. >> democrats want to turn this into welfare state.
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one way to do that, welcome everybody in the world to put them on welfare that breaks the system down. if the system is broken down, they have opportunity to implement their socialism/communism. that is part of the strategy from the left. we want independent-minded people that carry their own weight and help others. we need immigration, designed to enhance the economic and social, cultural well being of america. i want them to embrace our flag, our country, culture, way of life. seems i run up against resistance nearly every day in congress. trish: they say you're prejudiced. that you're not fair here. you're not giving everyone a chance. but, to your point, i mean, if he think about what is best for the nation, for the nation's economy, in terms of our own prosperity, don't we need to attract right kind of folks? we should be looking, where are we in need of people? what are professions we need to be bringing here?
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>> and there are two or three countries in the world, they're all english-speaking countries by the way, canada, australia, united kingdom, enacted into law or working on legislation that identify generally five different characteristics of the people they want into their country. and i can't go to canada. i couldn't emigrate into canada because i'm too old. probably don't have enough education. they want them young with education, skillset, proven earning capacity, english skills, because that is an indication of their ability to a simulate into the broader society. trish: congressman, if the canadians can do it, right, we shouldn't be taking all the heat. >> that's right. i think we should adopt their policy. i would want to enhance it some. if i had my choice today, i would take it all into place. capital. they give you points on each one of the five characteristics. you're brought into canada in order preference what you can do for canada. trish: look, these are important things to be looking at, as opposed you happen to be related to someone already here.
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so you come in and you can milk the system. we don't want that. we don't need that. and you know what? there is plenty of room, there is plenty of room for this country for the right reasons for sure, if they want to be americans and if they want to help us hp them. >> let me expand this a little bit too in that the president's call yesterday in cedar rapids, iowa, is one that needed to be made but needs to go broader than the welfare sides of this thing people are thinking about. medicaid itself was loosened up under nancy pelosi. we had standards written by governor of georgia nathan deal require proof of citizenship in order to access medicaid benefits. that proof of citizenships need there to be across the board in the language delivered in 2007. i huge that my colleagues look at that the put that into obamacare rewrite going on over in the senate right now. it is perfect time to do so. trish: i'm glad you brought that up. they're looking for opportunities to negotiate this thing out, get it done.
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thank you so much, congressman. good to have you here. >> good to be back, thank you. trish: nancy pelosi, everyone, under fire from her fellow democrats today. yeah, they're blaming her for that embarrassing loss in georgia this week. now the president weighing in as well, tweeting, and i quote, i certainly hope the democrats do not force nancy pelosi out and please let cryin' chuck stay. we've got the intel on all of this, you know, we've been saying for some time here, that they need some fresh blood. is nancy pelosi on her way out? intel next. nt. that's why i have the spark cash card from capital one. with it, i earn unlimited 2% cash back on all of my purchasing. and that unlimited 2% cash back from spark means thousands of dollars each year going back into my business... which adds fuel to my bottom line.
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trish: let's take a look at markets. we're back off the highs of session but still green on the screen. nasdaq up a quarter of a percent faring the best. oil price, oil has been significantly challenged as of late. yet today you're seeing a little bit of recovery at 42.74 dole a barrel for crude, closing out the day up half a percent. tropical storm cindy making landfall today in southwest louisiana after claiming its first victim, a 10-year-old boy who was struck and killed by a log carried by a big wave on an alabama beach yesterday. cindy is expected to continue the path towards northwestern florida. qatar airlines wants to buy a 10% stake in american airlines. american airlines says they it
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did not solicit this offer, and its ceo, doug parker, is telling employees the company is quote, not particularly excited about the outreach. to purchase from this middle eastern airline to purchase american shares. earlier in june, saudi arabia, the u.a.e., bahrain closed their airspace to qatar after accusing them of supporting terrorism. the feeling that merger is not going to get very far in part because of all of that. mike key will sell products directly to amazon -- nike. saying it can not afford to ignore the online giant. the apparel company rao fused to sell amazon fearing it would undermine its brand. it is rivals, adidas, under armour, both sell directly to amazon. nancy pelosi to democrats we'll take back the house. their response, they better.
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77-year-old is not going anywhere. >> my time something not about that singing my praises? why should i? i'm master legislator. i am strategic, politically astute leader. i am, my leadership is recognized by many around the country and that is why i'm able to attract the support that i do, which is essential. trish: wow! all right. a little more bragging rights there, nancy pelosi, listing off all the reasons why she is so critical right now. but i'll tell you, many in the party are blaming her for a recent string of losses in special elections. watch. >> it's clear that i think across the board in the democratic party we need new leadership. it is time for a new generation of leadership in the party. i don't know that it is possible at this point to change our party leadership but i think it is time for change and these election results frankly sew that.
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trish: another house democrat telling powe lit he co, i quote, i would think you have to be an idiot we could win with the house, with the pelosi, nancy pelosi at the top. the man who ran against pelosi for minority leader this year, tim ryan said, our brand is worse than trump. that is one way for him to put it, to try to get some of those on the left on board. is it time for her to go? is it time for democrats to come up with a message not just, we don't like donald trump? that is not working. ford o'connell, is back with me. jose, why does she keep doing this? she has grandchildren. she is clearly not the future of the party. at this is increasingly a liability, i just ask why isn't she out there looking for fresh faces, new blood, that she can effectively pass the man tell on towards and helping to cultivate democrats that can fill her shoes? >> let me just start talking
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about the special elections really quickly, trish. georgia, for example, was election, georgia 6 was supposed election won by republicans it was. it was supposed to be won by 20, 25 points. trish: jose, we already had this conversation yesterday. this is quick news cycle. i only have four minutes. right now. we hashed this out. viewers know why ossoff didn't win. 30-year-old filmmaker with a bunch of hollywood money and likes of nancy pelosi and bunch of celebrities supporting him. it's a message that doesn't work. i'm asking you for the sake of your party, what is your future, what is your new message? who will lead it because nancy pelosi, she ain't working? >> nancy pelosi is not going to go anywhere. we have a bunch of competitive races in 2018. we'll win them. we'll get the house back. trish: okay. >> we'll continue recruiting new members to run for office. trish: she is not going anywhere? ford, this must be putting a smile on your face? >> i am rooting for nancy pelosi's political
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survival and her san francisco values. she is the political bogeyman keeps on giving to republicans. let me say this, the democrats are not going to retake the house with hate trump strategy and relitigating 2016 election because it robs them of a message and agenda. why would i ever jump in front of a run away train as long as it benefits me? trish: this is part of the big problem. you said the san francisco values. nancy pelosi is very wealthy woman from a very wealthy part of the country, that really has effectively, jose seemed at odds with the rest of where america is. and i keep going back to this -- >> and our present isn't our president isn't? give me a break. trish: our president at least shows empathy for working class americans in a way that i don't think nancy pelosi is able to. >> that is not true. >> she was born into it. he was born into it to a certain extent as well. but for whatever reason, jose those are not the values he conveys. he has much more of a working
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class ethic, to him, way about him, where average americans, they feel like he gets them in a way that nancy pelosi simply, i don't care what you say, does not. aren't you missing an opportunity? >> i don't agree. i don't agree. if we want to talk about some one out of touch, who is wealthy. trump you trump. want to talk about some one a liar. that is donald trump. look at investigations constantly happening, taking over the media. trish: you haven't gotten anything on investigations. you haven't got anywhere. big scandal as far as i'm concerned the fact that james comey is a big giant leaker calling up his friend in the middle night, feed this to "new york times" and get a special counsel. he get aspects counsel with his buddy and bunch democratic donors. >> obstruction of justice. >> you asked the right question, trish, the bottom line, democratic congressional leadership remained largely unchanged 200. because they're from the acela
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corridor and california they continue to go left. they drove white working class voters and rural america out of the democratic party. that is why the republicans have the white house. no secret. trish: my own family background. my father, irish catholic, growing up in a family of eight. you were a democrat like you were irish, like you were catholic. this was part of your identity. you loved unions. there was whole sort of sense of working class american and democratic party. and i think, i'm confident, jose, you guys have lost that, and that is why donald trump won this election. and that is why the republicans if they continue to tap into that, will continue to succeed, basic economic issues. ford, jose, thank you very much. >> thank you. >> thank you, trish. trish: market up, 27 points. intel next on how health care stocks are moving on the gop bill. they're liking this thing. that is after this.
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free information kit. trish: i want to show you this. it looks as though some on
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wall street think there could be some kind of a health care deal coming. take a look at health care stocks right now. they're leading the market following the release of the senate health bill. share of health providers, biotechnology, pharmaceutical stocks are among biggest winners right now. let's go down to nicole pet he pet -- nicole petallides. nicole like they haven't gotten ted cruz, land -- rand paul, mike lee, are they thinking this will go forward? >> policies over all this administration. you need the magic 50 number, trish. market is holding on to gains it got right when all the health news broke at 10:00 a.m. hour. we were negative. look at intraday chart on the screen, that was from negative into positive territory. we've been near those highs, exceeding those highs throughout the day.
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looking at health care stocks, they are holding on, idea of a health care affordable care act broken down. giving americans more of a choice, you see names like unitedhealth and johnson & johnson doing pretty well today. look at this, when trump came into office, unitedhealth, as a matter of fact, health care stocks the best group of the bunch over all since trump was elected. merck 18%, pfizer 7%, johnson & johnson, 19%. another story today was altice. that was second largest ipo of the year. came in behind only snap. that was received really well today. it has been higher all day. cable, telecom, largest telecom deal since the year 2000. so, this is a big one. they acquired cablevision and even talk that maybe in the future they look at charter or cox. you can see that up 7% right now.
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airlines, we've been focusing on american airlines and qatar news. qatar is interested in taking up maybe 10% stake in american airlines. american airlines is up and down, it will not affect their management. their board, et cetera. they got a big pop, up four or 5%. it was, talking about this trish, best of the bunch in the airline group. trish: it is always flattering someone want to take a stake in your company but we're talking about qatar here. i don't think the ceo of american airlines is too excited about this. this about why it would affect consumers, that qatar has links to terrorism, it would be a lot of concern flying american airlines. >> a lot of sanctions. all around the persian gulf over there, that really whole area is very temperament tall. qatar ties to terrorism and the like, very, very, very touchy situation. trish: i'm even surprised they would be thinking about american
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airlines in part because of all that. there certainly would be a whole lot of opt optics to it. company trading higher. somebody always wants you even qatar i guess. outrageous government waste costing you the taxpayer 28 mill dollars because the afghan defense minter liked forest pattern for his troops uniform, even though there is almost no forest at all. there may only be 2% in all of afghanistan. landscape, yet they spent all this money. we got the entire story for you after this. [vo] when it comes to investing, looking from a fresh perspective can make all the difference. it can provide what we call an unlock: a realization that often reveals a better path forward. at wells fargo, it's our expertise in finding this
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kind of insight that has lead us to become one of the largest investment and wealth management firms in the country. discover how we can help find your unlock. welcome to holiday inn! ♪ ♪ whether for big meetings or little getaways, there are always smiles ahead at holiday inn.
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trish: new report shows the pentagon wasted 28 million taxpayer dollars on uniforms for afghan soldiers. according to this report, the afghan national army hired an expensive private contractor to create a forest camouflage pattern that the afghan defense minister found online. here's the rub. there are basically no forests in afghanistan. afghanistan is a mountain area and desert area. the forests account for 2% of topography in afghanistan. why on earth are you out there making camouflage uniforms? the report says the pentagon approved purchase of more than 1.3 million uniforms with quote, without conducting any formal testing to determine the pattern's effectiveness for use in afghanistan. how are we letting this kind of stuff happening? how are we letting it happen? joining me citizens against
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government waste president. sounds like pentagon rubberstamping, want uniform, $28 million, doesn't matter that the afghanistan topography is full of desert. you want forest camouflage, look cool. go, your thoughts? >> clearly they didn't think this over very well. and they were trying to please the afghans. the army wanted something that looked different than the police. but the police have a uniform that is not proprietary, in other words owned by one company which costs up to 40% more. and it matches the terrain. so, they need to change this. if they don't change it, they will waste another $71 billion over next 10 years according to this report. trish: wow. >> it is just really another example why the trump administration is focused so much own procurement reform, modernizing information technology, getting the government to work more effectively and efficiently. not as bad as 437-dollar hammer,
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160-dollar toilet seat. massive waste of the money and needs to be changed. trish: you have 88,000 pairs of pants that can be of any use. so i don't know, somebody is out there trying to sell them collectors items there in afghanistan. if you can't use the stuff, i don't care if it is $28 million. $288 million, or just $2.80 these are taxpayer dollars we're talking about, tom. >> no question bit. the original intent was make it harder for enemy to infiltrate the army, copy from a pattern on internet, but what they have done made themselves better target, as you said, a forest uniform in the desert. so it is pretty easy to see them. trish: indeed. we'll hope that these things start to change and they need to change. tom, thank you very much. good to have you here today, sir. we'll be right back.
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>> we have a whole question for you. you can tell us what you think. do you think she needs to step down from her blue -- position in leadership right now. we will show you the results tomorrow. did you see the show hamilton? i have not yet seen the play. in this musical there is a song where they say you don't have the votes. as you know senate leader mitch mcconnell does not had the votes needed. a mix of disappointment. an outrage coming fast and furious on capitol hill. first the democratic senators are about to hold a news conference. when americans battling

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